United Arab Emirates: Plaster Article Market 2024

Plaster Article Market Size in the United Arab Emirates

In 2021, the plaster article market in the United Arab Emirates decreased by -6.4% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a noticeable decline. Plaster article consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Plaster Article Production in the United Arab Emirates

In value terms, plaster article production expanded to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 28% against the previous year. Plaster article production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Plaster Article Exports

Exports from the United Arab Emirates

Plaster article exports from the United Arab Emirates skyrocketed to X tons in 2021, jumping by 33% against the previous year's figure. Over the period under review, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 134%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, plaster article exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 75% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons), Oman (X tons) and Saudi Arabia (X tons) were the main destinations of plaster article exports from the United Arab Emirates, with a combined 81% share of total exports. These countries were followed by Kuwait, Tanzania, Jordan and Ethiopia, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were in Kuwait (with a CAGR of +27.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plaster article exported from the United Arab Emirates were India ($X), Oman ($X) and Kuwait ($X), together accounting for 72% of total exports. These countries were followed by Saudi Arabia, Ethiopia, Jordan and Tanzania, which together accounted for a further 13%.

Ethiopia, with a CAGR of +10.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, waning by -5.5% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+10.8%), while the prices for the other major destinations experienced a decline.

Plaster Article Imports

Imports into the United Arab Emirates

After two years of decline, overseas purchases of articles of plaster or of compositions based on plaster increased by 6.8% to X tons in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.7% against 2017 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 42%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, plaster article imports fell to $X in 2021. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -35.0% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of plaster article to the United Arab Emirates, accounting for a 62% share of total imports. Moreover, plaster article imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Oman (X tons), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.7% per year) and Oman (-10.0% per year).

In value terms, China ($X), Saudi Arabia ($X) and Germany ($X) were the largest plaster article suppliers to the United Arab Emirates, with a combined 86% share of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +10.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, shrinking by -6.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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